D.C. Code § 28:1-310
Current through codified emergency legislation effective July 18, 2024
An obligation may be issued as subordinated to performance of another obligation of the person obligated, or a creditor may subordinate its right to performance of an obligation by agreement with either the person obligated or another creditor of the person obligated. Subordination does not create a security interest as against either the common debtor or a subordinated creditor.
D.C. Code § 28:1-310